The coins, specifically those minted in Canada prior to certain dates, contained a significant percentage of the precious metal. These coins, though small in denomination, held intrinsic value beyond their face value due to their composition.
Their importance lies in their collectibility and potential as a store of value. Historically, these coins represent a period when currency was directly tied to a commodity, offering a tangible asset in contrast to fiat currency. The silver content made them desirable for both collectors and those seeking a hedge against inflation.